It can cost a pretty penny to fill your gas tank. And if you’ve got far to go to get to and from work every day, you might find yourself filling up at the pump more often than you’d care to, which can put a big dent in your wallet.
Luckily, there are rewards credit cards and cash back credit cards out there that can help you save money on something you’d be spending money on anyway.
That said, some cards may be better suited for saving at the pump than others. Let’s take a look at some of the best credit cards for gas in Canada to help stretch your dollar when you fill-up.
Best Credit Card For Gas In Canada
| Gas expense Earn Rate | Annual Fee | |
| Neo Credit | Earn 1% cashback on all gas purchases | $0 |
| Tangerine Money-Back Credit Card | Up to 2% cash back | $0 |
| BMO eclipse Visa Infinite* Card | Earn 5 BMO Rewards Points for every dollar spent on gas. | $120 |
| TD Cash Back Visa Infinite Card | 3% cash back on gas | $139 |
| CIBC Dividend® Visa Infinite* Card | Earn 4% cash back on gas purchases | $120 |
| BMO CashBack World Elite* Mastercard* | 3% cash back on gas purchases | $120 |
| Scotiabank Gold American Express | 3 points per $1 spent | $120 |
| President’s Choice Financial® World Elite Mastercard® | Earn at least 30 points per litre spent at Esso and Mobil gas stations | $0 |
| American Express® Gold Rewards Card | Earn 2 points for every dollar you spend on gas | $250 |
Neo Credit
If you’re looking for a way to earn cashback on your gas costs, consider Neo Credit. Cardholders can earn 1% cashback on all gas and groceries. Plus, an average of 5% cashback at Neo partners and 0.5% guaranteed monthly minimum cashback with partners.
Upgrade Your Neo Credit Card To Premium
When you upgrade your Neo Credit card to Premium, you’ll earn higher cashback rates. For $4.99 a month, you can earn 3% cashback on gas and groceries and 0.5% cashback on all other purchases.
Welcome Offer
Neo is offering new customers the opportunity to try Premium free for 3 months. Apply for a Neo Secured Credit card, upgrade to Premium, and get your first 3 months free.
Neo Credit Features
Annual fee: $0
Purchase rate: 19.99% – 29.99% (QC: 19.99% – 24.99%)
Cash advance rate: 22.99% – 31.99% (QC: 22.99% – 25.99%)
Earn rate:
- 1% cashback on all gas and groceries
- Up to 15% cashback on first-time purchases with partners.
- 5% on average at Neo-partnered restaurants, bars, and cafes.
- 3% on Netflix, Disney+, Crave, Apple, Spotify, Uber, Lyft, UberEats, DoorDash, and Skip the Dishes.
- 2%+ at Neo retail partners (online and in-store).
Extra features:
- Personalized AI insights.
Tangerine Money-Back Credit Card
Many rewards credit cards come with an annual fee, though some fees are waived over the first year for new clients. But the Tangerine Money-Back Credit Card offers rewards on money spent without an annual fee at all.
With the Tangerine Money-Back Credit Card, you can earn up to 2% cash back in 2 categories of your choosing, including gas. So, if you choose gas as one of the 2 categories available to you, you can earn 2% cash back every time you fill up your gas tank, with no limits on the amount of cash back you can earn.
Special Offer
Apply for a Tangerine Money-Back Credit Card by January 31, 2024. If you’re approved, you’ll earn an extra 10% back on up to $1,000 in everyday purchases made within your first 2 months.*
Tangerine Money-Back Credit Card Features
Annual fee: $0
Purchase rate: 19.95%
Cash advance rate: 19.95%
Earn rate:
- Get 2% cash back in any two categories.
- 0.5% on all other everyday purchases.
Extra features:
- Unlimited cash back.
- Get a third cash back category when you deposit your cash back rewards into a Tangerine Savings account.
- Mastercard Zero Liability.
- Authorized users can get a card for free.
- Purchase Assurance and Extended Warranty.
BMO eclipse Visa Infinite* Card
Get 5x BMO Rewards points per dollar spent on gas, transit, groceries, and dining out. That means you’ll receive the highest amount of points in all the major spending categories. All other purchases will give you 1 point per dollar spent. You can then redeem your points towards your credit card bill or towards travel or merchandise.
Moreover, it comes with an installment payment feature that allows you to make small interest-free credit card payments. This can come in handy for any expensive car repairs or maintenance expenses.
BMO eclipse Visa Infinite* Card Features
Annual fee: $120
Purchase rate: 20.99%
Cash advance rate: 23.99% (21.99% for Quebec residents)
Earn rate:
- Earn 5 points for every dollar spent on groceries, gas, transit, and restaurants.
- Earn 1 point on all other purchases.
- If you add an authorized user to the account, you’ll earn 10% more points on all purchases.
Extra features:
- Get a $50 lifestyle credit every year.
- Travel Insurance.
- Mobile device insurance.
- Extended warranty and purchase protection.
TD Cash Back Visa Infinite* Card
With the TD Cash Back Visa Infinite Card, you can earn 3% cash back on eligible groceries, gas purchases, and recurring bill payments. That’s a decent rate and a lot higher than some of the rates offered by many other cash back credit cards available.
For all other purchases made on the card, you can earn 1% cash back. It should be noted that points earnings are limited to $15,000 annually.
TD Cash Back Visa Infinite Card Features
Annual fee: $139
Purchase rate: 20.99%
Cash advance rate: 22.99% (QC: 20.99%)
Earn rate:
- Earn 3% Cash Back Dollars on groceries, gas purchases, and recurring bill payments.
- Earn 1% Cash Back Dollars on all other purchases.
- Travel insurance (medical, delay and lost baggage, emergency).
Extra features:
- Cash Back Dollars never expire.
- Visa Infinite* Concierge service.
- Mobile Device Insurance.
CIBC Dividend® Visa Infinite* Card
The CIBC Dividend Visa Infinite Card offers an attractive cash back program, especially at the pumps. Earn 4% cash back on eligible gas and grocery expenditures, which is among the highest rates you’ll find in Canada.
Moreover, link your CIBC Dividend Visa Infinite Card with Journie Rewards to save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations. Save 3 cents per litre every time you purchase gas at a participating station. Then, every time you earn 300 Journie points, you’ll save an additional 7 cents a litre.
CIBC Dividend Visa Infinite Card Features
Annual fee: $120 (annual fee is waived for the first year)
Purchase rate: 20.99%
Cash advance rate: 22.99% (QC: 21.99%)
Earn rate:
- Earn 4% cash back on gas, electric vehicle charging, and groceries.
- Earn 2% cash back on dining, transit, and recurring bills.
- Earn 1% cash back on all other purchases..
Extra features:
- Link your credit card with Journie Rewards and save up to 10 cents per litre at participating gas stations.
- Auto Rental Collision/Loss Damage Insurance.
- Emergency Travel Medical Insurance.
- Common Carrier Accident Insurance.
- Mobile Device Insurance.
- Purchase Security and Extended Protection Insurance.
BMO CashBack World Elite* Mastercard*
If you’re not loyal to a particular gas station, then the BMO CashBack World Elite* Mastercard* may be the best credit card for gas for you. It offers 3% cash back (up to a $300 spend limit per month) at any gas station. So, whether you pump at Petro Canada, Esso, Shell or anywhere else, you’ll be getting 3% cash back.
Moreover, you’ll earn 5% cash back on groceries which is a major spending category for most Canadians.
BMO CashBack World Elite* Mastercard* Features
Annual fee: $120
Purchase rate: 20.99%
Cash advance rate: 23.99% (21.99% for Quebec residents)
Earn rate:
- Earn 3% cash back on gas.
- Earn 5% cash back at grocery stores.
- Earn 4% cash back on transit.
- Earn 2% cash back on recurring bills.
- Earn 1% cash back on all other purchases.
Extra features:
- Free membership in Mastercard Travel Pass provided by DragonPass.
- 24/7 concierge service.
- Free Boingo Wi-fi.
- Extended warranty and purchase protection.
Scotiabank Gold American Express® Card
For every dollar you spend when filling up your gas tank using the Scotiabank Gold American Express, you’ll earn 3 Scene+ points.
With this card, you’ll also earn 6 Scene+points on every dollar spent on eligible groceries purchases at Sobeys, Safeway, FreshCo, Foodland, etc.
For most Canadian households, the combo of a high ear rate for both gas and groceries is a great season to consider this card.
Keep in mind that this is an American Express card, you’ll want to verify that it’s widely accepted among the merchants that you typically spend with.
Scotiabank Gold American Express Card Features
Annual fee: $120
Purchase rate: 20.99%
Cash advance rate: 22.99%
Earn rate:
- Earn 6 Scene+ points for every $1 you spend at IGA, Sobey’s, Foodland, etc.
- Earn 5 Scene+ points for every $1 you spend on eligible dining, food deliveries, food subscriptions, and other grocery stores.
- Earn 5 Scene+ points for every $1 you spend on eligible entertainment purchases.
- Earn 3 Scene+ points for every $1 you spend on eligible gas and transit.
- Earn 3 Scene+ points for every $1 you spend on eligible streaming services.
- Earn 1 Scene+ point for every $1 you spend on all other eligible purchases .
Extra features:
- No foreign transaction fees.
- Preferred discount on the Priority Pass™ membership.
- Complimentary concierge services.
President’s Choice Financial® World Elite Mastercard®
The President’s Choice Financial World Elite Mastercard is a no-annual-fee credit card that offers 30 PC Optimum points per litre of gas you purchase at Esso and Mobil gas stations. That’s equivalent to 3 cents per litre. You can not only earn points with your gas purchases but get a discount too. When you redeem 4000 of your PC Optimum points at an Esso station, you can get 10 cents off per litre, up to 40 litres.
Additionally, you can get a free car wash at a participating Esso station for 10,000 points. If Esso or Mobil is your go-to gas station, then the PC Financial World Elite Mastercard may be the best credit card for gas.
President’s Choice Financial World Elite Mastercard Features
Annual fee: $0
Purchase rate: 21.99%
Cash advance rate: 22.97% (QC: 21.97%)
Earn rate
- Earn 30 points for every $1 spent at Maxi, Provigo, Wholesale Club.
- Earn 45 points for every $1 spent at Shoppers Drug Mart/Pharmaprix.
- Earn at least 30 points per litre spent at Esso and Mobil gas stations.
- Earn 30 points for every $1 spent at PC Travel.
- 10 points for every $1 spent on all other purchases.
Extra features
- Travel emergency medical insurance and car rental insurance.
- Identity theft assistance.
- Concierge services available 24/7.
American Express® Gold Rewards Card
The American Express Gold Rewards Card makes an excellent choice in gas cards thanks to its decent points value. Every 1000 points you earn is equal to $10. Given that the annual fee is $250, you’ll need to spend $12,500 at the highest earn rate category to break even.
While the annual fee for this card is high, it comes with numerous travel benefits, including a travel credit.
It should be noted, however, that American Express is not as widely accepted as Visa or Mastercard, so be sure the pumps you usually fill up at accepts AMEX before you apply.
American Express Gold Rewards Card Features
Annual fee: $250
Purchase rate: 30% on balances carried, as this is a charge card
Cash advance rate:
Earn rate:
- Earn 2 points for every dollar you spend on gas, groceries, pharmacy purchases, and travel.
- Then, earn 1 point for every dollar spent on all other purchases.
- You can also earn 1 additional point for every dollar spent on eligible car rental or hotel bookings charged to your American Express Travel when booked through AmericanExpress.ca/travel.
Extra features:
- $100 CAD Annual Travel Credit.
- Comprehensive travel insurance.
- Priority Pass lounge access and 4 free visits to Plaza Premium Lounges.
- Get a $50 credit when you pay for NEXUS.
Looking for the best credit card options?
Factors To Consider To Find The Best Credit Card For Gas
Before applying for a points-based credit card, assess the following factors.
- Annual Fee – Is the annual fee worth the perks that come with the card? You might be earning points with every dollar you spend, but are you saving at least as much as the annual fee? If not, it may be worth it to look at lower-fee or no-fee cards that offer cashback programs without the high price. Further, the annual fee will only be worth it for you depending on the amount you spend overall, not just on gas.
- Interest Rate – If you have a habit of carrying a balance from month to month, you may want to look for a credit card that charges a competitive interest rate so you’re not spending more than you need to.
- Welcome Offer – Credit card issuers usually offer a welcome bonus to encourage consumers to apply for their credit cards. Some offers are too good to pass up, especially those that offer thousands of extra points right out of the gates, which can be worth a few hundred dollars when redeemed.
- Rewards -The rewards structure is a critical factor to consider when applying for any points-based credit card. The more points you can earn per dollar spent, the better.
Final Thoughts On The Best Credit Card For Gas
Every rewards-based credit card tends to favour one type of purchase over others. While some credit cards may be better suited for those who travel frequently thanks to their travel perks, for instance, others may be more geared towards buying groceries or spending on entertainment. The cards mentioned in this article are best suited for those who want to maximize their dollar on expenditures made at gas pumps. That said, they also offer the ability to earn points towards other purchases, making them well-rounded cards to consider adding to your wallet.
